With a capital gain of 5.37% for the last 12 months, Lenah Valley, 7008 has performed for property investments than its average annual 4.08% property growth over the last 5 years.
The five-year average increase in median property values for Lenah Valley,7008 has given property investors a potential capital gain of 7.22% across each of those five years.
Lenah Valley, 7008 is offering TAS ‘s 112th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this TAS.
Residents and property investors in Lenah Valley have been waiting around 48.83 days to sell a property.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 4.51%, without taking into account capital value appreciation, which has been averaging out at 4.08%.
Over the last year, property investments in Lenah Valley, 7008 have given investors a capital gain of 9.79%. This compares favourably with the 4.06% for TAS as a whole.
Our latest figures would indicate that property sellers in Lenah Valley are currently offering property investors an average price cut of -4.85% below the asking price at the moment.
In the last year 33 properties changed hands in Lenah Valley, which puts it as the 14th most active market in TAS when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3360 per annum or $280 every week.
Lenah Valley is just 5km north-west of the Hobart CBD, situated in the foothills of Mount Wellington. It’s serviced by a number of bus routes affording easy access to the CBD, although congestion can be a problem on Augusta Road at peak times.Full summary
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Lenah Valley is just 5km north-west of the Hobart CBD, situated in the foothills of Mount Wellington. It’s serviced by a number of bus routes affording easy access to the CBD, although congestion can be a problem on Augusta Road at peak times.
There is a reasonable level of amenities within the suburb itself, including a primary school, a Catholic school and a number of shops, cafes and restaurants on Augusta Road. The wider amenities of New Town and North Hobart are also within easy reach, as is the larger shopping centre in Moonah. There are also a number of reserves and parks in the area, as well as impressive views of Mount Wellington to the west and the Derwent River to the east.
It’s affordable in comparison to neighbours Mount Stuart, New Town and West Hobart, and demand for property is high, with realestate.com.au reporting 26 people searching per property. This suggests the scope for further growth is good. Properties in the older eastern part of the suburb tend to fetch a premium.